As of today, it is clear that the Fed wants to continue to increase the US money supply and keep interest rates low

Microeconomics is the study of how households and firms make decisions and how they interact in specific markets

a. True b. False Indicate whether the statement is true or false

If the market price of a good does NOT include all of the costs and benefits that arise from the production or consumption of the good, then

A. an externality is present. B. resources are properly allocated. C. society is consuming and producing the optimal amount of the good. D. the market is perfectly competitive.